Oregon Public Employees Retirement Fund Acquires 902 Shares of National Instruments Co. (NASDAQ:NATI)

Oregon Public Employees Retirement Fund raised its position in shares of National Instruments Co. (NASDAQ:NATIGet Rating) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,642 shares of the technology company’s stock after acquiring an additional 902 shares during the period. Oregon Public Employees Retirement Fund’s holdings in National Instruments were worth $1,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in shares of National Instruments during the second quarter valued at about $25,000. Wipfli Financial Advisors LLC acquired a new position in shares of National Instruments during the third quarter valued at about $35,000. First Horizon Advisors Inc. acquired a new position in shares of National Instruments during the second quarter valued at about $50,000. EverSource Wealth Advisors LLC raised its position in shares of National Instruments by 5,855.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the technology company’s stock valued at $54,000 after buying an additional 1,698 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of National Instruments by 32.8% during the second quarter. Van ECK Associates Corp now owns 1,771 shares of the technology company’s stock valued at $55,000 after buying an additional 437 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other National Instruments news, CEO Eric Howard Starkloff sold 800 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $40.00, for a total transaction of $32,000.00. Following the completion of the sale, the chief executive officer now directly owns 286,478 shares in the company, valued at $11,459,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other National Instruments news, EVP Ritu Favre sold 1,437 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $38.18, for a total transaction of $54,864.66. Following the completion of the sale, the executive vice president now directly owns 38,465 shares in the company, valued at $1,468,593.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric Howard Starkloff sold 800 shares of the stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $40.00, for a total value of $32,000.00. Following the completion of the transaction, the chief executive officer now owns 286,478 shares of the company’s stock, valued at $11,459,120. The disclosure for this sale can be found here. Insiders have sold 6,437 shares of company stock valued at $288,351 over the last 90 days. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NATI shares. TheStreet raised shares of National Instruments from a “c” rating to a “b-” rating in a research report on Thursday, October 27th. Jefferies Financial Group initiated coverage on shares of National Instruments in a report on Tuesday, November 22nd. They set a “buy” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of National Instruments from $43.00 to $46.00 and gave the stock a “neutral” rating in a report on Monday, October 10th. The Goldman Sachs Group lowered their price target on shares of National Instruments from $49.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $52.00 price target on shares of National Instruments in a research note on Tuesday, January 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.13.

National Instruments Stock Performance

Shares of NATI stock opened at $54.25 on Friday. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 51.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.45. The company has a 50-day simple moving average of $40.38 and a 200 day simple moving average of $39.03. National Instruments Co. has a 52 week low of $29.81 and a 52 week high of $55.04.

National Instruments (NASDAQ:NATIGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. The business had revenue of $427.93 million during the quarter, compared to analysts’ expectations of $426.71 million. National Instruments had a return on equity of 16.91% and a net margin of 8.59%. On average, sell-side analysts predict that National Instruments Co. will post 1.39 earnings per share for the current year.

National Instruments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 7th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Friday, November 4th. National Instruments’s dividend payout ratio is currently 106.67%.

National Instruments Profile

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National Instruments Corp. engages in the design, manufacture, and sale of systems to engineers and scientists that accelerate productivity, innovation and discovery. The firm’s products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories, and Repair Services.

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Institutional Ownership by Quarter for National Instruments (NASDAQ:NATI)

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